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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (76602)	2/26/2000 1:25:00 PM
From: Tommaso	Respond to of 132070

Heinz didn't explain, but I think this is what is being measured. (Not that I grasp it very clearly myself, even after reading this): csf.colorado.edu

To: re3 who wrote (76602)	2/26/2000 1:35:00 PM
From: Tommaso	Respond to of 132070

Also note: cross-currents.net

To: re3 who wrote (76602)	2/27/2000 7:07:00 PM
From: pater tenebrarum	Respond to of 132070

Ike, re: smart money index: it's based on the idea that the sheep trade in the first half hour, and the smart money in the last half hour. if the Dow is positive in the first 1/2hr., a negative value is assigned to those Dow points. a negative first 1/2hr. is assigned a positive value. it's the other way around with Dow points gained/lost during the last half hour of trading. after years of about +1pt. for the first and +1,5 pt. for the last 1/2hr on average, we had since the October low a -24 for the first 1/2 hr. and a -6,8 for the last 1/2 hr., indicating that the public was intensely bullish, while the 'professionals' got cautious.